Associate - Renewable Energy Project Finance (Santa Monica)
Santa Monica, CA 
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Posted 21 days ago
Job Description
Overview

First Citizens Power and Renewable Energy Finance Group consistently ranks among the top banks in leading debt financings for power and renewables projects in the U.S.. In H1 2023, it was ranked #4 in US Power and Energy Project Finance by Power Finance & Risk, a top publication covering the energy project finance industry.


Responsibilities

  • Analyze detailed financial models prepared by clients to evaluate lending opportunities
  • Prepare debt sizing models and sensitivities
  • Conduct due diligence and prepare Q&A logs for potential lending opportunities
  • Review consultant reports from independent engineers, insurance consultants, appraisal, and power market consultants
  • Prepare internal credit memos
  • Prepare marketing materials for potential clients and lenders
  • Stay up to date with industry trends and power markets
  • Train junior team members on modeling and other job responsibilities

Responsibilities

  • Work closely with relationship managers and senior underwriters to prepare and structure proposals for new business opportunities
  • Help support the internal credit approval process with the review, preparation and presentation of credit approval materials
  • Support the due diligence process to review loan documentation, third party reporting, and participate in related discussions with the sponsor/borrower
  • Help coordinate closing process with capital markets, legal, treasury, middle office
  • Mentor the growth and development of analyst staff

The base pay for this position is relative to your experience, but the range is generally $110,000 to $125,000 per year. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive, comprehensive benefits program which you can review here: https://jobs.firstcitizens.com/benefits.


Qualifications

    Required
      Bachelor's Degree and 2 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis. OR High School Diploma or GED and 6 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.

    Preferred
      • Bachelor's degree required, preferably in a quantitative field
      • 2 years of experience in project finance at a corporate or investment bank, renewable energy company, consulting firm, or renewables focused private equity or private credit fund.
      • Outstanding financial modeling skills
      • Strong written and oral communication skills, including comfort interacting with clients and consultants
      • Knowledge of tax equity and debt structures used in the renewable space
      • Knowledge of VBA (a plus)
      • Strong attention to detail and very organized
      • Strong time management skills
      • Takes pride in work product
      • Team-player, enjoyable to work with


First Citizens Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race (including traits historically associated with race, such as hair texture and protective hairstyles), color, religion, national origin, sex, age, disability, protected veteran status, sexual orientation, gender identity, genetic information, military membership, application, or obligation, or any other legally protected status.

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
High School or Equivalent
Required Experience
2+ years
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